ReverseMortgageEtobicoke.ca looks at Etobicoke house prices because your home’s value sets how much a reverse mortgage can give you. TRREB’s September 2026 report shows detached benchmarks rising in the south of Etobicoke and falling in the north. Condo apartments fell over the year in every district shown (TRREB Market Watch, September 2026).
TRREB splits Etobicoke into five districts. W06 is the lakeshore (Mimico, New Toronto, Long Branch, Alderwood), W07 is Stonegate-Queensway, W08 is central Etobicoke from the Kingsway to Markland Wood, W09 covers Humber Heights, Kingsview Village and Richview, and W10 is the north, including Rexdale.
Benchmark prices by district, September 2026
The benchmark is TRREB’s price for a typical home of each type. Unlike an average price, it isn’t pulled up or down by one unusually large sale.
| District | Detached benchmark | Change over the year | Condo apartment benchmark | Change over the year |
|---|---|---|---|---|
| W06 Lakeshore | $1,155,500 | +1.41% | $607,800 | -1.17% |
| W07 Stonegate-Queensway | $1,485,300 | +2.54% | not used | not used |
| W08 Central | $1,623,000 | -1.46% | $531,000 | -2.42% |
| W09 Humber Heights, Richview | $1,213,200 | -4.42% | $450,600 | -4.15% |
| W10 North, Rexdale | $855,100 | -8.04% | $408,400 | -16.23% |
For comparison, the City of Toronto detached benchmark was $1,417,600, down 4.48% over the year. W07’s condo apartment index is measured on a different base from the other districts, so its apartment benchmark is left out here.
What changed between August and September
Month to month, the south of Etobicoke moved up and the north moved down. Comparing TRREB’s August and September reports, these are the detached changes (TRREB Market Watch, August 2026):
- W06: up $22,900, from $1,132,600 to $1,155,500.
- W07: up $28,100, from $1,457,200 to $1,485,300.
- W08: down $16,400, from $1,639,400 to $1,623,000.
- W09: down $8,400, from $1,221,600 to $1,213,200.
- W10: down $7,800, from $862,900 to $855,100.
Condo apartments moved differently. W06 rose $5,100 to $607,800 and W08 rose $11,200 to $531,000. W10 fell $24,000 to $408,400 in a single month, and that district’s condo benchmark is now 16.23% lower than a year ago.
These are not seasonally adjusted figures, and one month is a short window. The Rexdale page and the Etobicoke condo guide put the W10 and condo numbers in context.
Sales and time on the market
Etobicoke’s five districts recorded 275 sales in September 2026, all home types together. W08 had the most, with 110 sales, followed by W06 with 82.
Homes sold fastest in W07, at an average of 16 days on the market. They took longest in W10, at an average of 48 days. Detached houses sold for 96% to 99% of their asking price across the five districts.
Over the first nine months of 2026, W08 led with 929 sales and W06 followed with 722. The year-to-date median price for all home types was $780,000 in W06, $865,000 in W08 and $800,000 in W10.
What a change in value means for a reverse mortgage
A reverse mortgage is sized as a percentage of your home’s value, and the percentage rises with age. When the value moves, the most you could get moves with it.
For an illustration, take an owner aged 65 with a house at the W06 detached benchmark. At August’s $1,132,600, the ceiling was up to about $573,000. At September’s $1,155,500, it was up to about $584,000, about $11,600 more from one month’s change.
The same works in reverse. A condo owner aged 75 at the W10 apartment benchmark of $408,400 could qualify for up to about $236,000, less than a year ago because the benchmark fell.
These are “up to” ceilings, not quotes. The lender’s appraisal of your own home sets the final figure, and the lender, your age and the home type all play a part. Try the Etobicoke reverse mortgage calculator with your own home’s value, or see local figures on the Mimico and Kingsway pages.
If you’re weighing a sale instead, the downsizing guide sets out what selling and buying in Etobicoke costs, including two land transfer taxes.